Tue.Aug 22, 2023

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Versapay CFO leans on data amid ‘perfect storm’

CFO Dive

The veteran finance leader sees his profession grappling with significant challenges, including macroeconomic pressures and the rising need to function as data experts.

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NFRA penalises audit firm, partner for lapses in auditing of Burnpur Cement

CFO News

The National Financial Reporting Authority (NFRA) has imposed fines totalling Rs 30 lakh on an audit firm and its partner for lapses in the audit of Burnpur Cement Ltd. The regulator has slapped a fine of Rs 25 lakh on the audit firm K Pandeya & Co and Rs 5 lakh on Manjeet Kumar Verma, a partner with the audit firm.

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FIS taps Walgreens alum for CFO

CFO Dive

The Florida-based company is changing CFOs again — just a year after it was one of a flurry of payments players to swap out finance chiefs.

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Compliance complexities escalate with multiple stakeholders, right organisational DNA to help reduce it: CFOs

CFO News

Top CFOs of India discuss how their respective businesses manage the compliance burden, costs, etc, how they use technology to make the process efficient and less taxing, and how the right company culture can help manage the compliance load.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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SaaS prices jump 12% on average: Vertice

CFO Dive

Salesforce is one of the many enterprise software vendors that have jacked up their prices in the last 12 months.

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More Trending

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CFO recession fears ease: PwC

CFO Dive

C-suite economic optimism is growing, but executives remain split on the possibility of a recession.

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#FA Success Ep 347: When The Firm You Sell To Gets Sold And You Have To Reinvent Yourself, With Cary Carbonaro

Nerd's Eye View

Welcome back to the 347th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Cary Carbonaro. Cary is the Senior Vice President & Director of Women and Wealth Services for Advisor Capital Management, an independent RIA with offices around the country and headquartered in Charlotte, North Carolina, that oversees more than $6 billion in assets under management for 1,700 client families.

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Nasdaq to delist Republic First for failing to file SEC paperwork

CFO Dive

The Philadelphia bank blamed previous leadership for delays in its audit and annual report. The lender has weathered board upheaval and a spike in trading when similarly named First Republic faltered.

Auditing 130
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India to soon become USD 5 trillion economy, says PM Modi at BRICS Summit

CFO News

While mentioning about the strides made by India on the digital payments front, Modi said there are many possibilities for using the Unified Payments Interface (UPI) for BRICS.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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UPS-Teamsters contract ratified following employee vote

CFO Dive

The approval puts an end to a contentious, monthslong negotiations process as the parcel carrier now seeks to recoup diverted volume.

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Torrent joins fray for Hamied family stake in Cipla, up against Blackstone and Baring PE

CFO News

Torrent Pharma is reportedly vying to acquire the Hamied family's stake in Cipla, which could become the largest pharmaceutical deal since 2014. If successful, the deal could create India's second-largest drugmaker by revenue. Other potential buyers include Blackstone and Baring PE Asia-EQT. Torrent Pharma is said to be forming a consortium with private equity funds and has approached multiple lenders for funding.

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How to Calculate Your SaaS R&D Investment Efficiency

The SaaS CFO

We make constant capital tradeoffs in our SaaS business. Even if we have a ton of cash in the bank, we still need to prioritize the investments in our business. Investment in our product roadmap is a constant discussion. Are we fixing technical debt, responding to whimsical feature requests, or investing in features and modules […] The post How to Calculate Your SaaS R&D Investment Efficiency appeared first on The SaaS CFO.

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Economy likely grew 7.8% in Q1, say economists

CFO News

India's economy is expected to have grown by 7.8% in the June quarter, supported by resilient domestic demand and government capital expenditure. The services sector is seen as the biggest contributor to growth, with construction activity providing support. Manufacturing also witnessed robust growth, driven by lower commodity prices.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Marriott appoints new CFO for APAC excluding China

Future CFO

Marriott International announced recently the appointment of Christina Chan as CFO, Asia Pacific (excluding China). A 23-year veteran of the company, Chan will oversee finance operations, asset management, compliance and owner relations while providing counsel for the administrative finance, business analysis, and feasibility teams in the region. During her career with Marriott, Christina has held critical leadership roles in finance and asset management & analysis.

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'Consumer staples may stay costly this festive season'

CFO News

The weakening of the rupee against the dollar has added to the woes of imported consumer staples like edible oils. Mallick said if the rupee weakens further, then the company will have to look into whether to pass on the increased cost on imported edible oil to customers.

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Is Nvidia the New Tesla?

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Tech Stock Roundup – Nvidia goes into earnings as the best performing stock this year, plus 221%. ►Beats Get Smoked – “The reward for EPS beats has been close to 10Y lows.” ►Musk’s Shado.

Finance 52
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Hiring activities rise in April-August period, says report

CFO News

The report is based on various trends data on its platform during April-August 2023 as compared to the year-ago period. The idea of gig workers is also gaining traction within the retail industry, which noted a 9 per cent rise in demand for staff, marking a shift from its previous dominance in the e-commerce arena.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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How We Get Things Done | Dallas Clement, CFO, Cox Enterprises

CFO Thought Leader

CFO GUEST: Dallas Clement of Cox Enterprises 926: Distinguishing the “What” from the “How” | Dallas Clement, President and CFO, Cox Enterprises MADE POSSIBLE BY LEDGE | Ledge is a command center for payments built for finance teams operating at scale. Ledge empowers finance teams with tools to centralize their payments data, get a real-time payments snapshot, automate multi-way reconciliation, identify problem transactions, accelerate their investigations, and dramaticall

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Icra estimates India's GDP growth at 8.5 pc in first quarter; maintains FY24 forecast at 6 pc

CFO News

India's economic growth is expected to accelerate to 8.5% in the April-June period, according to Icra Ratings. This is higher than the RBI's forecast of 8.1% and is attributed to a supportive base and a recovery in the services sector. However, Icra's chief economist warned that the second half of the fiscal year could see headwinds due to factors such as erratic rainfall and a slowdown in government capex.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: NextEra Energy, Stryker & Zimmer Holdings from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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FinMin, MCA must strive for simplification of processes to maximise engagement: Sitharaman

CFO News

During the three-day Chintan Shivir of the Ministry of Finance and Ministry of Corporate Affairs, discussions were held by more than 100 senior officers of MoF and MCA on how to re-orient to achieve the Amrit Kaal goals.

Finance 52
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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Why Hiring a Part-Time Bookkeeper Is Vital for Your Business

CFO Share

For businesses with revenues ranging from $2 million to $10 million, upgrading from an admin to a part-time bookkeeper can be a pivotal decision that transforms financial processes, optimizes regulatory compliance, and fuels business growth. What are the top benefits of hiring a part-time bookkeeper for your business? Part-time bookkeepers bring many benefits, including: Avoiding simple but costly errors like invoicing mistakes Mitigating fraud risk Taking work off executives’ plates Reducing ov

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Chandrayaan 3: ISRO's landmark budget-friendly space odyssey poised for momentous lunar landing today

CFO News

India is getting ready to try landing on the Moon again, this time with Chandrayaan-3. The last time India tried this in 2019, it didn't work, but this time things look better because of the pictures the lander sent back. India's space program is getting bigger and stronger, even though they don't spend as much money as some other countries.

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The Value of Adopting a Driver-Based Budget

Centage

In a perfect world, budgets would always line up perfectly with actual spending. As most businesspeople know, this outcome is rarely the case. Even the most strategically-crafted budgets can take hits from unforeseen circumstances. Expecting that something unexpected will occur throughout the year weakens the argument for creating a traditional budget.

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Mukesh Ambani's Reliance Retail eyes Rs 3,048 cr fundraise for warehouse InvIT

CFO News

: Reliance Retail Ventures Ltd, the retail business of Mukesh Ambani’s Reliance Industries Ltd, is looking to raise Rs3,048 crore through an infrastructure investment trust (InvIT) of its warehousing and logistics infrastructure assets, shows a draft document filed with Sebi.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.